Latest Labor economy News

Signs of recession worry Trump ahead of 2020

Aug. 17, 2019 6:29 AM EDT

WASHINGTON (AP) — President Donald Trump is warning of an economic crash if he loses reelection, arguing that even voters who personally dislike him should base their ballots on the nation's strong growth and low unemployment rate. But privately, Trump is growing increasingly worried the economy won't look...

California's 113-month job growth ties record set in 1960s

Aug. 16, 2019 6:11 PM EDT

SACRAMENTO, Calif. (AP) — California's job growth is now in its 113th month, tying the expansion of the 1960s as the longest on record as the world's fifth largest economy continues its recovery from the Great Recession, officials announced Friday. The country's most populous state needs between 8,000 and...

Trump ties US success to 2nd term: 'You have to vote for me'

Aug. 16, 2019 7:18 AM EDT

MANCHESTER, N.H. (AP) — President Donald Trump sought to reassure his supporters about the state of the U.S. economy despite the stock market volatility and told rallygoers in New Hampshire, a state that he hopes to capture in 2020, that their financial security depends on his reelection. "Whether you love...

US retail sales rise strongly in sign of consumer optimism

Aug. 15, 2019 10:41 AM EDT

WASHINGTON (AP) — Americans spent more at retail stores and restaurants in July, a sign that concerns over weakening economic growth and a persistent trade war that have roiled financial markets have yet to dampen consumer confidence. Retail sales rose a healthy 0.7% last month after a 0.3% gain in June,...

US productivity grew a healthy 2.3% rate in 2nd quarter

Aug. 15, 2019 9:05 AM EDT

WASHINGTON (AP) — U.S. productivity increased at a decent pace in the second quarter, a trend that could lead to higher wages if it continues. The Labor Department said Thursday that productivity — or output per hour worked — rose 2.3% in the April-June quarter, down from 3.5% in the first...

Businesses have cautious expansion plans as economy weakens

Aug. 14, 2019 3:31 PM EDT

NEW YORK (AP) — Ron Pierce has one eye on expanding his information technology business and the other on something he can't control: the economy. "I'm not afraid to expand my company, but I realize that a recession may be coming and that any expansion could have me reducing my staff," says Pierce, owner of...

Chastened Argentine leader offers help for workers, the poor

Aug. 14, 2019 1:23 PM EDT

BUENOS AIRES, Argentina (AP) — A walloping at the polls led President Mauricio Macri to decree temporary economic relief for poor and working-class Argentines on Wednesday, with measures that include an increased minimum wage, reduced payroll taxes, a bonus for informal workers and a freeze in gasoline...

ICE raids raise question: What about the employers?

Aug. 14, 2019 10:24 AM EDT

HOUSTON (AP) — The images of children crying after their parents were arrested in a massive immigration raid in Mississippi revived a longstanding complaint: Unauthorized workers are jailed or deported, while the managers and business owners who profit from their labor often go unprosecuted. Under...

Trump claims credit for Shell plant announced under Obama

Aug. 13, 2019 6:49 PM EDT

MONACA, Pa. (AP) — President Donald Trump sought to take credit Tuesday for a major manufacturing complex in western Pennsylvania in his latest effort to reinvigorate the Rust Belt support that sent him to the White House. He was cheered on by fluorescent-vest-clad workers who were paid to attend by Shell,...

UK wages rising at fastest pace in 11 years

Aug. 13, 2019 6:16 AM EDT

LONDON (AP) — Wages in Britain are rising at their fastest rate since the global financial crisis over a decade ago as the number of people in work hit a record high despite Brexit headwinds, official figures showed Tuesday. Average weekly earnings were 3.9% higher during the three months to June against...